LGO confirms presence of recoverable hydrocarbons at GY-677, Goudron field

LGO says that its latest development well, GY-677, at its Goudron Field development in Trinidad, which was spudded on 27 July 2015 reached total depth at 3,135 feet measured depth on 8 August. Electric log interpretation from both the Goudron Sandstone and C-sand reservoir intervals confirm the presence of recoverable hydrocarbons with the net hydrocarbon pay in the C-sand main target estimated as 130 feet.

Well GY-677 was the sixth of seven wells currently planned for 2015 and the third well from drilling Pad-5 in the north-east of the field. Net oil pay in the Goudron Sandstone was encountered down to 1,470 feet with an estimated 355 feet of total net pay. The oil bearing C-sand interval was encountered between 1,995 and 2,975 feet MD. Net hydrocarbon bearing pay in the C-sand interval is estimated as 130 feet. These observed net pay zones are in line with the pre-drill expectations for this well.

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